Sneha Singh
India is facing an extreme heatwave, causing a surge in demand for air conditioners.
Most AC manufacturers are running out of stock due to unprecedented demand.
The Indian government has banned the import of AC parts from China.
ACs filled with gas can't be imported, and without gas, they incur extra costs.
The industry faces losses from unsold units estimated between 400,000 to 500,000.
Companies like Daikin, Voltas, and Blue Star report stock shortages and high costs.
People are unable to buy new ACs even at higher prices due to limited stock.